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At 09:21 PM 11/26/97 -0500, Cab Vinton wrote:
>>Cab,
>>What do you mean by 'pegged' at extreme values?
>>Harley
>
>All I mean is that bounded oscillators (like RSI) can get
>"stuck" in overbought/ oversold territory during a strong
>trend.
>
>And if you wait for the indicator to cross below/ above
>the overbought/ oversold threshold, this may represent
>a terrible time to sell/ buy, i.e., since the strong trend
>may still be intact (though somewhat weaker.)
>
>HTH,
>
>CAB.
>
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I've found that Oscillators that stay above their respective boundaries,
say Stochastic Oscillator above 80, are confirming that they are in an
uptrend or at least steadily going up.
-- Frank :-)
High Return on Investment using Technical Analysis
http://www.usinternet.com/users/fbg/
Minnesota Long Distance Canoe Racing
http://www.usinternet.com/users/fbg/mnlong/
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